People who think that producing stuff here instead of importing will help the economy are actually complete idiots. They would be hard pressed to find why Countries with massive trade deficits like US are the most wealthy in the world.
If only people world over lap up the rupee as good as dollar , I will completely support your view!!!!!
The reason for restricting imports is not for the benefit of the economy but for protecting our strategic interest by making ourselves less dependant on the imports! Thats the reason indegenisation is most vital- not for producing jobs here, but for strategic autonomy! For instance, when you are importing, all you are paying the country is with worthless pieces of paper. So the country exporting to us have to import from us to have something in return for their products,which are worthy!
Leaving our strategic eggs in french , russian nests forever will make us only a client state, And chinese will field a numerically superior number of optimum tech fighters to threaten our borders,
And even after 300 tejas , IAF will still be 70 percent imported fleet. SO why drag imports vs local stuff?
Why dont you ask the french to sell their missile and thermonuclear bomb tech?
The reason why the Govt is worried about Chinese imports is not beause of their negative effect on the economy, but because it makes us dependant on their goods.
The other most important reason is MANUFACTURING JOBS!!!!
For example see how Russia being the exporter squirmed the entire EU into backing out of the ukraine crisis? Or even China which with its monopoly of exports over Rare earths is forcing Japan on finding alternates? This is also the reason we have to be wary of imported food, since we would be dependant on the imports and hence lose strategic autonomy. Thats why Food security is important and not because it is helping us ecnomically .
Food and weapons will be used as strategic tools in future also. We are a hugely populous country with high level of engineering skilled people. If we fail to develop and field at least tier two weapon systems with that level of tech, we will be doomed. beacuse our forex reserves will go for a toss and rupee will be further weakened.
For example sake, if we take China, it is importing food for its needs(India s self sufficient in food). So If it imports food from India and is dependant on it for food, then China cant do jackshit against India since India supplies them their most basic resource. All their thousands of Fighters would be useless in intimidating our govt since we will hold them by their balls if we did have monopoly on their imports
All these basic resources supplied by india can be bought by china in other open markets.
By producing all their weapons systems and exporting them china will achieve an unparalleled strategic supremacy in world affairs , while we import every tom , dick and harry items for even our basic weapon needs. SO it is not going to tremble under the table if india stops its glorified raw material exports to china.
And that is the reason why LCA having an american engine is actually a far worse indigenous aircraft than Rafale ever will be!
@p2prada Correct me if I am wrong here